Friday, February 26, 2010

HR Quarterly Round-Up: Gap, Dillard's

(Photo: AP)

Gap 4Q Profit Jumps 45%; Plans To Increase Dividend 18% (WSJ): Gap Inc.'s fiscal fourth-quarter profit grew by 45%, on strong sales at its long-struggling Old Navy chain, as the casual-apparel retailer announced plans to lift its annual dividend by 18% and launch a $1 billion stock-buyback effort.
Leaner Inventory Lifts Dillard's (Forbes): Department store operator Dillard's had a blowout day on Wall Street Monday. Shares of the Little Rock, Ark.-based company jumped nearly 20% on greatly improved year-over-year quarterly earnings, making Dillard's the second-biggest gainer on the New York Stock Exchange in March's first day of trading.

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